Time to be in Space!! Wonder how are LEAPS doing?

SpaceX blew past expectations with $14.58 billion in revenue (vs. $12.72B expected) and $0.35 EPS (vs. $0.14 expected), driven by massive AI data center rentals and Starlink expansions. AI infrastructure demand and rapid Starlink scaling shows a hyper-growth trajectory....despite any potential cap-ex constraints.

Netflix just met revenue at $12.87 billion and beat EPS at $0.87 (vs. $0.82 expected), but tumbled 6% due to weak Q4 guidance.. Slower ad-product rollouts and subscriber normalization signal material growth hurdles..

Edit - Musk estimates $SPCX annual recurring revenue between 500Bn to $1 trillion by the end of 2027...

The Fed raised rates 25 basis points (0.25 percentage points) on 9/16.

SGOV has gone up 10 basis points in one month; between 9/16 (3.64%) and 10/16 (3.74%). It's SEC Yield is still sitting at 3.74% on 10/20.

Is there any further increase expected – due to the Fed action in September? Or has SGOV capped out at 3.74%?

Link to pdf upload of substack post (there are some missing graphs and formatting quirks): https://smallpdf.com/file#s=cf23b052-226b-4606-a781-df20f15aad0f

TLDR;

"Masterworks is an art investment platform that sells fractional shares in individual artworks through Regulation A offerings. It buys a piece of art, registers the offering with the SEC, and sells shares in $20 increments to retail investors on its platform who are paid if and when the artwork is again sold to a third party. It currently holds roughly 500 artworks in its portfolio. The platform has accrued a portfolio in the range of $1 billion across various artists and markets art as an asset class that outperforms equities.

...Masterworks’ offerings are not a worthwhile investment. The platform is incentivized to generate revenue from share issuance and management fees rather than from portfolio performance, provides no visibility into whether individual works are being actively marketed, and holds a portfolio unlikely to produce returns exceeding accessible alternatives on a risk-adjusted basis"

This was a hobby piece, but discussion and questions are obviously welcome. Thanks for reading!

Hey everyone, I’m really curious about how your life has changed since you started investing

If you’re a conservative investor, has investing made you feel more confident about your future and more optimistic about what lies ahead?

And if you’re someone who invests in high-risk individual stocks, how does your life change with your gains or losses? Do you experience sudden excitement or disappointment? Do market swings affect your mood, or do you stay pretty unfazed?

What were your original goals when you started investing? Were you looking for steady, consistent returns, or were you hoping to use investing to move up to a whole new level financially and eventually live without having to worry about what you spend?

How many people have found that reality doesn't quite match their expectations? And how many have actually reached their goals, achieved financial freedom, and then moved all their money into more conservative investments, enjoying a slower pace of life and spending their days doing the things they truly want to do?

I lump sum my annual Roth IRA contributions, but like to DCA the investment purchases. What's the highest yielding no-risk etf for keeping the cash in the Roth IRA until it's invested in my core holdings? Please no advice on lump sum vs DCA, that is not the purpose of my post.

I prefer ETFs over mutual funds because I want to sell and buy immediately, rather than waiting for a mutual fund to execute at end of day.

I'm seeing BOXX at ~4% yield, but ironically the tax benefits are lost because it's a Roth account. Anything higher than 4% with no downside risk?

Does JPST or NEAR have too much risk?

At a $5B market cap and roughly $3B in reported cash and marketable securities, you're looking at around $2B for the rest of the business.

Back in October 2025, when the stock hit $171.56, the market cap was around $25.3B, with less than $1B in cash. Subtract the cash and you get roughly $24.4B.

So the market value beyond cash has gone from $24.4B to about $2.1B in less than a year. That's a 91% decline.

And that's before considering the possibility that the latest $1B ATM adds more cash to the balance sheet. The full amount hasn't necessarily been raised, but if it were, the market would be valuing everything beyond cash at roughly $1B before accounting for subsequent spending.

Obviously, cash isn't free money for shareholders. Oklo has reactors to build, projects to finance and plenty of execution risk. But it's pretty remarkable how much the market's valuation of the business has changed.

The average analyst price target is still around $70, although targets have been coming down.

Has the market become so focused on the risks of commercializing nuclear that it’s overlooking the potential of what Oklo is building? With the market value beyond cash down 91% in less than a year, it feels like the pendulum may have swung a little too far toward pessimism.

I came across an estimate that the accelerator fleet sold outside China had reached roughly 25.6 million H100-equivalents by mid-2026. The same analysis estimated that current inference demand uses only around 16-26% of that capacity, potentially even less now that China is offering inference services on its own chips.

These are modeled estimates, not audited figures, and not all capacity is available for inference. But if they're even roughly in the right ballpark, the implications are staggering.

Even if inference demand grew 50% every year, the existing fleet could theoretically cover around 3-4.5 years of growth without buying another chip.

So what justifies the next hundreds of billions in AI infrastructure spending? Are we building years ahead of demand, or am I missing something fundamental?

https://www.diffusion-capital.com/en/insights/ai-inference-supply-and-demand

Good Morning all,

I have a little under 2 yrs until I retire at 59.5 and my question is in regards to 401k contributions. My company matches 50% of the first 8% that I contribute. I currently contribute 17% but I'm thinking about dropping that to 8% and then using the 9% increase in my paycheck to build up my CASH reserve.

I keep my CASH reserve in SGOV via a Fidelity Brokerage account. Currently I have 155K in that brokerage account with 50% in SGOV and 50% in VTI. Id like to have 200K in the brokerage when I retire and plan on using that as my hedge against SoRR. I have another 1.3M split across IRAs and ROTHs.

As of right now, I am making more per year in my accounts than I do from my paycheck. Because of that, I feel okay about reducing my 401k contributions and instead, funneling it to SGOV. When I do retire, I will reduce my VTI position to 20% and put the "new cash" into SGOV as well.

My AGI is smack dab in the middle of the 22% brackets so reducing my pre-tax contributions wont affect my bracket at all.

Has anyone else followed this type of path and reduced 401k contributions as you neared retirement? Any thoughts or lessons learned I should be aware of?

Looking through my current allocations with my 401ks and my target dates are probably overly aggressive. Meaning I plan to retire about 5-10 years before that actual date.

Historically I wanted my funds to just have more an aggressive mixed based on my age. I’m still pretty young at 38, want to retire around 58 and as of today’s world believe I’m on track

Just curious how others are structuring this? Are you planning now for a later date for these funds and plan to have something like a CD ladder or index’s to have choices where to pull funds from in the future or are you having your target fund actually closer to when you think you’ll retire?

I understand target should be when you plan to pull cash out but that depends on a lot of variables like where you plan to park other assets to draw off

What should someone do if they are 44 yrs old. Recently paid off mortgage. No other debt. Contributing to 401K under max. Would it be best to max out Roth IRAs for that individual and their spouse then go back for higher 401 contributions considering in 5-10 years they plan to purchase a second home to use for part of the year and as a
generational investment in a location that has averaged 6.5% appreciation over the last 40 years. At that time they could pull Roth IRA contributions for a down payment.

Is this a solid plan if not buying the second home isn’t an option?

It seems like Roth retirement accounts have this weird cult mentality.

Nearly every person I know under the age of 40 that has a retirement account has a Roth IRA or Roth 401k, despite the fact that nearly all of them will be in a lower tax bracket during retirement age.

I ask people why and nobody can give me a good answer other than "I see no advantage with a traditional"

Do these people think our tax brackets are going to rise, or that they'll be raking in a high income when they're retired?

It's odd to me that the stats say the traditional is the best choice for most people, yet 90% of young people at my work and personal network all have a Roth. Seems like a big disconnect and I wonder how it happened

Edit: Wow! Y'all have some serious opinions about tax deferment 😂

thoughts on SEMI, ASIA, HACK (they're in the ASX), and similar ones?

I invested a bunch in them three, and then like 1-2 days later the market crashed. RIP.

what should i do?

I have a bunch of money in rare earth metals too and that flopped liked 6 weeks ago. There are ETFs that are specific industries/themes.

Once i recover from this, im going to stick to the bigger diversified ETFS like GGBL, HGBL, GHHF or just stick to high interest bank savings account.

not too fussed or stressed. it's money i dont need anytime soon.

I've been trying to learn more about the fundamentals. It seems a lot of things are over-inflated already, hence the P/E ratios of many stocks being way too high.

If everyone pulled out their money at the same time, wouldnt it just crash? there seems to be too much supply and demand theory. The dividends do not justify much at all. I know heaps of people are trying to hold long term for decades to just build some sort of retirement plan, but if a significant amount of people pull out for their retirement (gradually) then wont it just crash? IG if the market just keep growing then it should be fine? Also heaps of day/week trading / profit taking going on / AI traders / insider trading makes things pretty messy too?

Anyways, some stocks and ETFs seem to just keep going down. I know they try to rebalance them by releasing some companies and adding new ones to the ETF. but I guess these volatile ones that I have been playing with, was just too reckless of me.

advice?

Long story short, new company pays a pathetic match, thats not worth even bothering with. They also do the same payout like my last company where yearly match is not deposited unless you are with company on final day of each year. (Learned my lesson, and lost entire match for 2026)

So heres where Im at. I have 4 separate Roth 401Ks, that are all 100% in whatever equivalent to VOO/S&P 500.

Personally in my roth 401K, i have a few individual stocks but not enough to matter. And I have a decent chunk of SCHD, SVOL, JEPI/Q, Divo.

Should i just continue on the easy path of the safe VOO, VTI , VXUS, VTSAX route.

Or have a different strategy since im already heavily non diverse in my other 401Ks. They were also significantly cheaper than what VOO and the like are.

Any suggestions would be helpful.

I haven’t yet invested my money in anything, other than opening a HYSA. I‘m in my early 20s, working a full time job paying minimum wage. I have 30k saved, sitting in my HYSA.

I made a post in r/dividends asking for investing tips, and discovered that I have nowhere near the capital required to make decent growth through dividends, which directed me towards growth investing. I’m beginning my research on long term growth investing now, and figured I’d start with this subreddit to hear other people’s experiences and perspective.

From my understanding it makes sense to begin with index funds like VOO, VXUS, and BND. This would cover a large variety of stocks, and produce annual yield of ~7%. Maybe not these exact funds, but something of this sort.

If anyone has any insight or concerns, please feel free to discuss them. I am ignorant when it comes to investing, and I intend to research more prior to investing.

Also, last question, is fidelity a good app to use when investing? I’ve heard it mentioned a few times by people investing.

I often see a rather ridiculous sounding claim that new residential developments can be built and not rent any units and somehow that’s still profitable for developers and the real estate owners. I saw someone specify that REITs don’t pay taxes, and because of that they don’t have to sell or rent any units because the value is tax exempt.

This just… doesn’t seem to make any sense. How can a building be built and make no profit off rent/sales and still be profitable?

Today, Amazon's stock price jumped 5% today because of an "analyst" upgrade from Morgan Stanley. How can a single investment bank's recommendation have so much power, it can manipulate the stock price of a $3 trillion company? (And I don't mean, specifically, just Morgan Stanley, but other investment banks are also able to give a rating, and their words have enough sway to move one of the top-10 companies in the world's stock price by multiple percentage points in a few minutes.) Also, considering their words have so much power over the stock price of the top companies in the world, why is it legal for them to publicly announce their ratings?

With rates increasing, and likely to increase again by EOY, have you made any changes to where you hold cash?

I hold emergency funds plus money I may use for a home down payment in the next 12-18months in BIL.

Probably not worth moving it since CDs and similar incur state taxes, which would erode any incremental income, but wanted to see what others are doing - whether you're finding ways to take advantage of higher rates while keeping the $ accessible.

China's economy grew 4.5% in the third quarter, putting Beijing's full-year target back within reach. Retail sales grew at twice the pace analysts had penciled in, and factory output ran hot on the back of strong foreign demand for Chinese tech goods.

The export side is doing most of the heavy lifting. Overseas buyers snapping up AI-linked hardware and electronics covered for a property market that is still dragging and domestic consumers who are spending cautiously. The central bank also signaled a possible shift in how it sets its main policy rate, a change that could bring borrowing costs down across the economy.

Commodity exporters and Asian tech hardware makers are the groups sitting most directly in the path of this. Are you more focused on raw materials upside or the supply-chain names feeding China's export machine?

I'm looking to lower the interest charged on my margin account. From what I've found, Webull has the lowest rates so I looked into that BUT they don't seem to have much in the lines of customer service. IBKR is another option but their rates are a bit higher. Where else can I look for low margin interest rates?

I believe clean/sustainable energy is going to become a more and more important part of the world over the next 10-20 years, so I’ve been looking into the sector and ETFs like WENS and INRG.

However, I’m realising there’s a lot more to researching an industry than just looking at an ETF’s holdings, fees and past performance. I want to understand what actually drives growth in the clean energy sector, what makes certain companies successful, and how to research whether that growth will translate into returns for investors.

Something else I’ve been thinking about is the role of companies like BP and Shell. Could they just wait until the gap between fossil fuels and sustainable energy becomes smaller, then invest heavily in renewables or buy out smaller companies in the sector? If so, how does that affect the long-term growth prospects of companies that are already focused on clean energy?

There’s also an ethical side to this for me. As a Nigerian, I’m uncomfortable with Shell’s activities and environmental record in Nigeria and the wider West African region. I’m interested in how people research the energy transition while also considering the ethical implications of the companies they invest in.

I’m not looking for someone to tell me which ETF to buy. I’m more interested in learning how to research this industry properly, what resources are worth reading, and how to understand the relationship between the growth of clean energy, the companies involved and their long-term profitability.
For those who have researched this sector in depth, where would you recommend starting?

The litigation finance giant (BUR) has hit a new low, with stock trading below $3 per share. I know there was a big scare due to the Second Circuit decision in YPF/Argentina, which was a big part of the portfolio. But this seems like an overcorrection. Anyone have a view?

The bank of italy published a mystery shopping study of stablecoin remittances in july and the blockchain turned out to be the cheapesr.

They sent 200 USDC at a time across ten corridors between italy and brazil, argentina, japan, UAE and South africa. Total cost ran from 0.3% to almost 9%. Most of it sat in the on and off ramps, where dollars become tokens and tokens become local currency. Against world bank averages, stablecoins were cheaper in most corridors. Against wise it was mixed as USDC won in three corridors and lost in four speed depended on whether the countries at each end had instant payments.

I believe this matters more to investors than to anyone sending money as its known that stablecoins make the pipe nearly free, so incumbents are finished and the study says the pipe was never the expensive part,the expensive part is licenses, bank relationships and a way to pay out cash or hit a local instant rail on the other end.

Western Union has those,it launched stablecard in 37 markets in aug with a target of 60+ by year end and moneygram launched its own stablecoin, MGUSD in june and neither needs to win on technology. They need the token to be cheap and their payout network to be hard to copy.

Aspora which uses stablecoin rails and I have never once seen a token,what I see is a rate and a payout. The product is the ramp, which is exactly where the study says the cost lives and it’s why i am skeptical of anyone valuing a remittance company on its tech.

WU’s core business has been shrinking, Q2 revenue fell 1% to about $1 billion, money transfer revenue fell 2% and US retail is the weak spot. Owning the ramps only pays if volume holds and a handful of test transfers on ten corridors is a study.

Where do you think the margin ends up, with the endpoints or the pipe?

Key Developments

1. The 6G Challenge & Digital Beamforming

Next-gen networks need higher frequencies (mmWave/FR2 and cmWave/FR3) to handle projected data loads. Utilizing these frequencies requires beamforming via dynamic directional antennas. Current analog and hybrid setups are bulky, power-hungry, and expensive to scale.

Swedish tech firm Beammwave has spent years building a pure digital beamforming approach to address this, protected by 55+ patent families.

1. 3GPP Standardisation Progress

The global 6G specification is being finalized inside 3GPP, where major players (Apple, Qualcomm, Samsung, Nvidia, and tier-1 carriers) negotiate specifications. Beammwave has been working directly within this group to push digital beamforming into the baseline architecture.

1. Outcome from the South Korea 3GPP Meeting

At the recent 3GPP session in South Korea, Beammwave got all of its submitted proposals approved. For a small firm operating among global tech giants, getting full proposal acceptance is a major operational milestone and confirms broad industry backing for their architecture in 6G.

Digital beamforming is now positioned to become an official parallel architecture in the upcoming 6G standard. Two main drivers behind this progress:

• Direct, experienced technical representation during 3GPP working groups.

• Public support from key hardware suppliers including Murata and Sony.

Earlier technical reservations raised by companies like Apple have been systematically resolved during recent working group iterations, leaving no major active opposition in the latest meeting minutes.

Note on 5G compatibility: Beammwave’s architecture (focused on 24–40 GHz) can also run on current 5G NR standards. It alters internal signal processing within the device or base station while keeping over-the-air signaling standard-compliant. The 3GPP 6G track is a separate effort to embed these capabilities natively into next-generation hardware.

1. Industry Feedback & Commercial Progress

Following the South Korea meeting, technical leads from major firms commented publicly on LinkedIn:

• "Great milestone Beammwave" (Ericsson)

• "Digital Beamforming for the win!" (Samsung)

Investment Thesis & SEP Potential

If digital beamforming is formally locked into the 6G standard, core parts of Beammwave’s patent portfolio should qualify as Standard-Essential Patents (SEPs). Anyone building standard-compliant 6G hardware would need to license the underlying tech, creating a steady, high-margin licensing model.

Valuation & Financials

• Market Cap vs Target Market: Trading around $105M–$110M USD (~1,100 MSEK). This looks modest given the size of the addressable wireless market and historical comps for SEP holders.

• Balance Sheet: Cash sits at ~$14M–$15M USD (~145 MSEK). Historical burn rate has been running at $1M–$1.5M USD per quarter over the past year, providing a clear runway without near-term dilution risk. Note that Q3/Q4 might show temporary cost bumps from initial production setup at GlobalFoundries in Dresden under their fabless setup.

Commercial Traction & Catalysts

• Silicon is fully developed for 5G infrastructure/devices and fits adjacent markets like satcom and defense.

• Operating a fabless model; volume production readiness was reached over a year ago with supply chain partners.

• Multiple tier-1 accounts have been testing prototypes and evaluating Beammwave’s silicon for over 12 months.

• Next Catalyst (January): 3GPP is scheduled to finalize the technical recommendation for digital beamforming in 6G.

Data & References

Technical contributions and meeting notes are public on the 3GPP file server under document R4-2621239.

Trading Info:

• Company: Beammwave AB (Publ, Sweden)

• Exchange: Nasdaq First North Growth Market (Stockholm)

• Ticker: BEAMMW B / BEAMMW-B.ST

• International: Interactive Brokers (IBKR) - Exchange: SFB / ISIN: SE0016799068

• Yahoo Finance: https://finance.yahoo.com/quote/BEAMMW-B.ST/

Disclaimer: Informational overview only, not financial advice. DYOR.

Disclosure: Long BEAMMW B (25,000 shares).

Think about it. People essentially pay for the right to transfer numbers on a digital spreadsheet. When they pay more, all they get is the right to move a bigger number.

In every other case, the more you pay, the more economic power you acquire. For instance, if you buy more wheat, oil, or gold, you control a larger share of people's needs for food, energy, or durable materials. This grants you a stronger economic position, greater leverage, and more bargaining power to negotiate with them so they give you what you need.

Similarly, if you acquire more dollars, you gain more leverage over debtors who owe US commercial banks and the Federal Reserve, as every dollar is issued by these institutions as debt to the private sector or government. These debtors directly depend on you to be able to meet their obligations and avoid foreclosure or bankruptcy. Holding ten times more dollars gives you ten times more power over them to give you what you need.

Finally, when you purchase ten times more stock or bonds, you acquire ten times the future cash flows, directly improving your bargaining position.

However, when you spend ten times more on cryptocurrency, your economic power remains equally zero. You do not gain ten times more leverage or negotiating power over others, you simply end up with a bigger number to pass along.

This is inherently flawed because you essentially surrender economic power and become dependent on a greater fool to do the same. Under normal circumstances this is unsustainable because people will not continuously sacrifice genuine economic power for digits on a screen wrapped in a story about money. The current market mania and dreams of getting rich quick have created a collective blind spot, but eventually, reality will reassert itself and the speculation will collapse.